Albemarle Announces $1.3B Lithium Processing Facility in U.S.

URLhttps://www.ien.com/operations/news/22780177/albem
Sourceien.com
Date Published03/23/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Albemarle
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):300
Year reshoring announced:2023
Domestically, the work will be done:In-house
Capital investment ($):1300
City reshored to:Chester County
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredlithium-ion batteries
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Skilled workforce availability/training, Biden
Government Incentive dollar amount:Inflation Reduction Act
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